NSE to introduce IRRA platform to address technical glitches, outages

To address technical glitches or outages, the National Stock Exchange will introduce an Investor Risk Reduction Access (IRRA) platform for trading members. In December last year, Sebi asked stock exchanges and clearing corporations to put in place a platform to help investors in case there is a disruption of services caused by systems belonging to trading members. The regulator asked them to make the platform operational by October 1. The IRRA platform will be available to trading members supporting internet-based trading (IBT) and Security Trading through Wireless Technology (STWT) for their investors. However, it will not be accessible for algo trading and institutional clients. The IRRA will be accessible to trading members across exchanges starting from October 3, 2023, according to an NSE circular. "To ensure seamless business continuity, trading members (TMs) are advised to maintain an updated disaster recovery (DR) site. "However, if both the primary and disaster recovery s

from Markets https://ift.tt/kHVLeOz